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Tax Administration & Interpretation
(SARS and Office of the Tax Ombud)

GG.44700 R.503
Comprehensive Guide to Dividends Tax (Issue 4)
2021 Filing Season

TAX CASES

ABC (Pty) Ltd v Commissioner for the South African Revenue Service (0037/2019) [2020] ZATC 20 (1 June 2020)
ABC (Pty) Ltd v Commissioner for the South African Revenue Service (0085/2019) [2020] ZATC 19 (1 September 2020)
ABC (Pty) Ltd v Commissioner for the South African Revenue Service (IT 14305) [2021] ZATC 1 (7 January 2021)

Legislative & Policy
(National Treasury & Parliament)

Media Statement and 2021 Draft Tax Bills and Regulations for Public comment
Treasury
Budget 2021
Treasury
Budget 2021 Lock-Up Logistics
Treasury

Call For Comment
SAIT member comments can be directed to taxpolicyadmin@thesait.org.za

Draft IN 28 (Issue 3)

Due date for comment: 14 June 2021

DA 185.4B16 – Licensing Client Type 4B16

Due date for comment: 4 June 2021

DA 185.4B14 – Licensing Client Type 4B14

Due date for comment: 4 June 2021

International and Regional News
(OECD and ATAF)

Making tax dispute resolution more effective: New peer review assessments for Estonia, Greece, Hungary, Iceland, Romania, Slovak Republic, Slovenia and Turkey

Despite the significant disruption caused by the COVID-19 pandemic and the necessity to hold all meetings virtually, work has continued with the release today of the stage 2 peer review monitoring reports for Estonia, Greece, Hungary, Iceland, Romania, the Slovak Republic, Slovenia and Turkey.

Conference of the Parties to the MLI approve an opinion on interpretation and implementation

On 3 May 2021, the Conference of the Parties to the MLI approved an opinion that sets out a series of guiding principles for addressing questions about the interpretation and implementation of the MLI.

OECD supports developing countries in the time of COVID-19

The OECD released a new report today – Tax Co-operation for Development: Progress report in the COVID-19 era, looking back on the past year showing how developing countries have interacted with the OECD on a range of tax policy and administration issues.

CPD Events

PROFESSIONAL INSIGHT

Real Estate Focus: January 2021

In this edition we take a look at the Supreme Court’s decision in a test case on business interruption insurance; the latest on VAT and termination payments; significant residential leasehold reforms in the pipeline; and proposals to improve the energy performance of residential property through lenders.

The Netherlands: Corporate tax update 2021

A previously promised reduction of the top corporate income tax rate has been postponed and the top rate remains at 25 per cent. However, the lower tier tax bracket will be reduced to 15 per cent. In addition the lower tier tax bracket will be raised to EUR 245,000 and this will be further extended to EUR 395,000 in 2022.

Impact of Brexit on Tax

Little changed for UK businesses from a tax perspective when the UK left the EU on 31 January 2020.

Cost of capital: 2021 outlook

Join a conference call among a group of project finance industry veterans about what to expect in the year ahead for tax equity, bank and term loan B debt and project bonds.

Canada to increase carbon taxes by 566%

The Canadian federal government recently announced that the carbon tax will increase from its current $30 per tonne of greenhouse gas (GHG) emissions to $170 per tonne in 2030 – an increase of 566% over 10 years.

Real Estate Focus: November 2020

In this edition, we take a look at a Supreme Court decision on the enforceability of a restrictive covenant; real estate tax developments; the latest on “right to rent” checks; and the meaning of “vacant possession”.

Machine versus the tax man: AI inventors and the research tax credit

On July 29, 2019, the U.S. Patent and Trademark Office received two patent applications: one for a light beacon that flashes in a unique manner to attract attention, and the other for a beverage container based on fractal geometry.

Luxembourg Government publishes 2021 Budget bill

Increased taxation of the domestic real estate funds market and extended access to employees incentive plans (while maintaining standard corporate tax and progressive income tax rates) are among changes introduced in the Luxembourg Government’s 2021 Budget bill n°7666 (the “2021 Budget”).

Global Tax Outlook 2020: The changing face of tax

Brussels, 5 October 2020 – Across the globe, tax leaders face unprecedented change and transition, as they respond to pressures both internal and external to the business. Businesses are facing key challenges in relation to their tax affairs and evolving the focus of their activity.

Lindy Steyn

Tax News In The Press

Tax 'Reform', Covid-19 and Growing Inequality Fuel Colombian Uprising

[Daily Maverick] Widespread protests across Colombia showed no sign of easing as they moved into the third week, with the government and protesters far from reaching any type of agreement.

Daily Maverick
Salga Presents Its Views On Division of Revenue Bill

[Parliament of South Africa] The South African Local Government Association (Salga) and the Congress of South African Trae Unions (Cosatu) gave their responses yesterday to the Select Committee on Appropriations on the Division of Revenue Bill. The bill was tabled recently in the National Assembly by the Minister of Finance.

Parliament of South Africa
Former SARS Auditors Arrested in R321 Million Tax Evasion Scheme

[SAnews.gov.za] Two former South African Revenue Service (SARS) auditors, have been arrested for alleged tax evasion worth approximately R321 million.

SAnews.gov.za
Bribes Are Not Tax Deductible - SARS Rejects Payments By Regiments Capital to Letterbox Companies

[Daily Maverick] The SA Revenue Service has taken issue with alleged professional fee deduction claims of hundreds of millions of rands by Regiments Capital for payments it made to letterbox companies linked to the State Capture scandal.

Daily Maverick
Concern Raised At Expenditure Patterns

[SAnews.gov.za] Government needs to urgently address its expenditure patterns if it is to turn the tide against unsustainable debt levels, says the National Treasury.

SAnews.gov.za
President Mourns the Passing of AU Covid-19 Special Envoy

[SAnews.gov.za] President Cyril Ramaphosa has learned with deep sadness of the passing of financial expert and former Algerian Minister of Finance, Abderrahmane Benkhalfa.

SAnews.gov.za